Written by Sandeep Singh
| New Delhi |
Updated: June 29, 2018 at 12:19 am

According to FPI fund flow data sourced from CDSL, the net outflows in the calendar 2018 (till June 28) aggregated to an all-time high of Rs 46,195 crore, even higher than the outflow of Rs 41,216 crore witnessed in 2008 — during global financial crisis.

According to the central bank, CAD for the quarter ended March 2018 was at $13 bn (1.9 per cent of GDP) as against $2.6 bn (0.4 per cent) in Q4 of 2016 -17, but moderated marginally from $13.7 bn (2.1 per cent of GDP) in the preceding quarter.

The SBI report has said India has only one decade to change its status into a developed country and will need to focus on education, failing which the much-hailed ‘demographic dividend’ will turn into a disadvantage.

Talking about unemployment in the country, Chidambaram said, “So far, nobody has bought the innovative idea that ‘frying pakoras is also a job’.” He also added that demonetisation and GST have had an adverse impact on the Indian economy.

Written by Sandeep Singh
| New Delhi |
Updated: June 6, 2018 at 5:03 am

While the net FPI outflow in April stood at Rs 15,561 crore ($2.35 bn) and Rs 29,775 crore ($4.4 bn) in May, the aggregate for the first five months this year amounted to a net outflow of Rs 32,078 crore ($4.4 bn).